SARS Cracks Down on the R800 Billion Tax Gap – What You Need to Know South Africa’s 2025 Budget allocation has made one thing clear: SARS is intensifying its efforts to close the country’s tax gap, now estimated at a staggering R800 billion. This renewed focus means that taxpayers—both individuals and businesses—face increasing scrutiny, tighter […]
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5 Tips for Using Reviews to Boost Your Business Customer reviews have always played a crucial role in shaping business success. Today, Google places even more emphasis on businesses with genuine positive reviews, making them a key factor in online visibility. However, it’s not just about receiving reviews – how you use them matters. Here
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Why Use a Registered Tax Practitioner? Here’s What SARS Says… “Protect Yourself – Use Only Registered Tax Practitioners” – this was one of SARS’ key messages this year, emphasizing the risks of using unregistered practitioners. To help taxpayers verify credentials, SARS has introduced an online tool for checking a tax practitioner’s registration status. At BGR,
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Budget 2025: Your Tax Tables and Tax Calculator Budget 2025: Your Tax Tables and Tax Calculator Budget 2025 will effectively bring about an increase in personal income tax by not adjusting the tables for tax rates, rebates, and credits, while also implementing substantial increases in ‘sin’ taxes. Furthermore, a 0.5% VAT increase will be introduced
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Budget 2025: How It Affects You and Your Business The 2025 Budget Speech has brought significant tax changes that will impact both individuals and businesses. The headline announcement is the proposed VAT increase of 0.5% in May 2025, followed by another 0.5% in April 2026. Despite strong opposition from various political parties, the government is
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When to Rethink Your Business Strategy: 6 Clear Signs Adaptability is one of the greatest strengths of small businesses. Unlike large corporations, small businesses can pivot quickly when faced with challenges. But how do you know when it’s time to shift direction instead of staying the course? These six signs suggest it might be time
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What Should I Do If I Disagree with SARS? If you disagree with an SARS assessment, swift action and careful management of the dispute process will maximize your chances of a favorable outcome. This is because various deadlines must be met, a payment suspension must be requested, and a solid objection must be presented and
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How to Cut Corporate Travel Costs in 2025 Without Compromising Quality Business travel remains an essential part of many industries, even in a world of virtual meetings. However, rising costs make it crucial for companies to find ways to optimize travel expenses without sacrificing efficiency or comfort. The good news? Strategic planning and smart policies
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Buying vs. Leasing Equipment: What’s Best for Your Business? Deciding whether to buy or lease equipment is a critical financial decision that impacts your business’s cash flow, tax benefits, and long-term expenses. Understanding the pros and cons of each option can help you make the right choice. “I do not gather things, I prefer to
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What is SAICA’s RPL Admission Process? Recognition of Prior Learning (RPL) is an alternative route for professionals to qualify for SAICA membership without completing a traditional training contract. This option allows experienced individuals to have their skills and knowledge formally assessed, helping them gain recognition as an Associate General Accountant (AGA(SA)) or even progress towards a
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